First Quarter of 2023 in Europe Carbon Disulphide Prices

North America

In the first quarter of 2023, Carbon disulphide prices in the USA market have continued to decline due to slow purchasing sentiment and strong supplies. Demand from the dyes and rubber industries has been weak, and there were limited inquiries for new orders from end-users, resulting in a bearish pricing trend in the domestic market. The manufacturing industry in the US market has also been underperforming, contributing to the sluggishness in the market. Operating rates have remained stable, leading to high inventory levels in the USA. Additionally, market participants reported, the recent banking crisis in the USA has had a negative impact on the market growth of various commodities, including Carbon disulphide.

Asia-Pacific

During the first quarter of 2023, Carbon disulphide prices have decreased in China due to slow purchasing sentiment in the market. Operating rates in China have remained moderate due to weak consumption from downstream industries. Additionally, the prices of feedstock Sulphur have declined, resulting in low production costs of Carbon disulphide in the domestic market. Demand from downstream industries such as rubber, dyes, and pesticides has slowed down both domestically and overseas, and market participants have reported limited new orders from end-users. However, the surplus inventories of the product have led manufacturers to revise their negative price quotations in the domestic market.

Europe

Prices of Carbon disulphide have witnessed a downward trend in the European market during the first quarter of 2023 amid gloomy buying sentiments and ample supplies in the region. In addition, domestic production remained under check while the carbon disulphide imports from Asia improved on European shores as the freight charges worsened sharply. In addition, feedstock Sulphur prices have also remained on the lower end, which resulted in the low production cost of Carbon disulphide in the region. In addition, due to high-interest rates and inflation, the demand from the downstream rubber, dyes, along with pesticides has remained weak. There were no new orders from end-use industries, so the product ended up in stock. In addition, the market perceived a wait-and-see attitude.

ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.